Kirby Co. (NYSE:KEX – Get Free Report) Director Richard Ross Stewart sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $128.21, for a total value of $1,025,680.00. Following the completion of the sale, the director now owns 15,488 shares in the company, valued at approximately $1,985,716.48. This represents a 34.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Kirby Trading Down 0.4 %
Kirby stock opened at $128.28 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Kirby Co. has a 12 month low of $72.11 and a 12 month high of $132.21. The stock’s 50 day simple moving average is $123.54 and its two-hundred day simple moving average is $120.27. The firm has a market cap of $7.36 billion, a PE ratio of 24.62, a P/E/G ratio of 0.76 and a beta of 1.17.
Kirby (NYSE:KEX – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The shipping company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08. Kirby had a return on equity of 9.43% and a net margin of 9.37%. The business had revenue of $831.10 million for the quarter, compared to analyst estimates of $824.42 million. During the same quarter in the prior year, the firm posted $1.05 EPS. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. Analysts anticipate that Kirby Co. will post 5.45 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Kirby from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $123.80.
View Our Latest Stock Analysis on Kirby
Kirby Company Profile
Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.
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